The cryptocurrency market suffered another sharp downturn after global technology stocks slid, adding broader pressure across risk assets. Total crypto market The cryptocurrency market suffered another sharp downturn after global technology stocks slid, adding broader pressure across risk assets. Total crypto market

Crypto Slides Sharply as Tech Sell-Off Sparks Liquidations, ETF Outflows

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The cryptocurrency market suffered another sharp downturn after global technology stocks slid, adding broader pressure across risk assets. Total crypto market capitalization fell 2.39% to $2.57 trillion on Thursday. Major cryptocurrencies traded firmly in the red, with XRP dropping 10.2%, BNB falling 8.8%, and Ethereum sliding 7.7%. Bitcoin declined 6.9% to the $70,000 level during Thursday morning trading in Europe. Liquidations Spike Across the Market The sell-off triggered a wave of liquidations across the crypto market. Nearly $856 million worth of leveraged positions were wiped out, the vast majority of which, approximately $777 million, were long positions. According to


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